20211005 Premarket Prep DAX - Bear Market Trader
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20211005 Premarket Prep DAX

20211005 Premarket Prep DAX

#Fin­twit #Order­flow #day­trad­ing #day­trade #forex #FX #trade­plan #trad­ing­plan #trad­ing­forex #trad­inglifestyle #day­trader­life #index #indices #DAX #DE30Cash

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for DAX. This prep builds off of my week­ly trade plan I made here:

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Com­pared against Week­ly Trad­ing Plan

  • Price trad­ing below last week’s body, with­in range. No LL has been made (yet) although price came close.
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • D1 closed deep­er with­in D1 QLO and slight­ly with­in D1 demand
    • Price react­ed off of Old H4 demand and formed a Ham­mer, pos­si­ble base. 
    • H4 VWAP in DT TC, 2x H4 Bear Engulfs at H4 VWAP
  • Trend: H4 Down, D1 Down, W1 Up
    • Pre­vail­ing trend: Trend is DOWN 2/3
  • Mar­ket Profile
    • 2‑day over­lap­ping val­ues, slow­down in price
  • Dai­ly Range
    • ADR: 20874
    • ASR: 15611
      • 3900
      • 3475
    • Day
      • Yes­ter­day’s High 15294.60
      • Yes­ter­day’s Low 15013.50


  • LN open
    • Below Val­ue, With­in Range
  • Open dis­tance to value
    • 0.23xASR
  • Nar­ra­tive
    • Mod­er­ate Imbal­ance. LL made and trad­ing below yesterday’s body. Open sen­ti­ment favors shorts although LL was made dur­ing Asia. Close prox­im­i­ty to Val­ue edge could see an accep­tance of value. 
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Return to Val­ue, Val­ue edge rever­sal, pos­si­ble Failed Auc­tion short
  • Hypo 2
    • Val­ue Acceptance
  • Hypo 3
    •  Sus­tained Auc­tion Down, Late-sus­tained auc­tion entry pre­ferred due to trad­ing direct­ly into demand.
  • Hypo 4
    • Failed Auc­tion Long

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • H4-C‑S 15239.72

ZOIs for Pos­si­ble Long

  • D1-C‑D 15125.15
  • H4-C‑D 15025.84 (old)

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 20 trades by the end of the month, prefer­ably 2 a day (not in the same prod­uct at the same time) 
  • Week­ly Goal
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
    • No ear­ly exits, either hit SL or 2R target
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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